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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in;">3.    DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">We are exposed to certain market risks relating to our ongoing business operations, including foreign currency risk, interest rate risk and credit risk. We manage our exposure to these and other market risks through regular operating and financing activities. Currently, the only risk that we manage through the use of derivative instruments is foreign currency risk in which we enter into derivative instruments in the form of foreign currency forward exchange contracts with a major financial institution.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">We enter into these forward exchange contracts to reduce the potential effects of foreign exchange rate movements on our net equity investment in one of our foreign subsidiaries, to reduce the impact on gross profit and net earnings from sales and purchases denominated in foreign currencies, and to reduce the impact on our net earnings of foreign currency fluctuations on receivables and payables denominated in foreign currencies which are different than the subsidiaries' functional currency. We are primarily exposed to foreign currency exchange rate risk with respect to transactions and net assets denominated in Euros, Pounds Sterling, Canadian Dollars, South African Rand, Singapore Dollars, Indian Rupee, Chinese Yuan, South Korean Won, Polish Zloty, and New Taiwan Dollars. We record all derivative instruments as assets or liabilities at fair value.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><font style="text-decoration: underline;">Derivatives Designated as Hedging Instruments</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">We enter into foreign currency forward exchange contracts periodically to hedge certain forecasted inter-company sales and purchases denominated in foreign currencies (the Pound Sterling, Euro and New Taiwan Dollar). The purpose of these instruments is to mitigate the risk that the U.S. Dollar net cash inflows and outflows resulting from sales and purchases denominated in foreign currencies will be adversely affected by changes in exchange rates. These forward contracts have been designated as cash flow hedge instruments and are recorded in the Condensed Consolidated Balance Sheets at fair value in Derivative assets and Derivative liabilities. The effective portion of the gains and losses resulting from the changes in the fair value of these hedge contracts are deferred in Accumulated other comprehensive loss and recognized as an adjustment to Cost of sales and service in the period that the corresponding inventory sold that is the subject of the related hedge contract is recognized, thereby providing an offsetting economic impact against the corresponding change in the U.S. Dollar value of the inter-company sale or purchase being hedged. The ineffective portion of gains and losses resulting from the changes in the fair value of these hedge contracts is reported in Other (income) expense, net immediately. We perform quarterly assessments of hedge effectiveness by verifying and documenting the critical terms of the hedge instrument and determining that forecasted transactions have not changed significantly. We also assess on a quarterly basis whether there have been adverse developments regarding the risk of a counterparty default.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left;"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">We had forward contracts outstanding as of July 31, 2015, denominated in Euros, Pounds Sterling and New Taiwan Dollars with set maturity dates ranging from August 2015 through July 2016. The contract amounts, expressed at forward rates in U.S. Dollars at July 31, 2015, were $<font>27.2</font> million for Euros, $<font>8.5</font> million for Pounds Sterling and $<font>22.4</font> million for New Taiwan Dollars. At July 31, 2015, we had approximately $<font>2.7</font> million of gains, net of tax, related to cash flow hedges deferred in Accumulated other comprehensive loss. Included in this amount were $<font>571,000</font> of unrealized gains, net of tax, related to cash flow hedge instruments that remain subject to currency fluctuation risk. The majority of these deferred gains will be recorded as an adjustment to Cost of sales and service in periods through July 2016, when the corresponding inventory that is the subject of the related hedge contracts is sold, as described above.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">We are exposed to foreign currency exchange risk related to our investment in net assets in foreign countries. To manage this risk, we entered into a forward contract with a notional amount of €<font>3.0</font> million in November 2014. We designated this forward contract as a hedge of our net investment in Euro denominated assets. We selected the forward method under Financial Accounting Standards Board, or FASB, guidance related to the accounting for derivatives instruments and hedging activities. The forward method requires all changes in the fair value of the contract to be reported as a cumulative translation adjustment in Accumulated other comprehensive loss, net of tax, in the same manner as the underlying hedged net assets. This forward contract matures in November 2015. As of July 31, 2015, we had $<font>452,000</font> of realized gains and $<font>289,000</font> of unrealized gains, net of tax, recorded as cumulative translation adjustments in Accumulated other comprehensive loss related to these forward contracts.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><font style="text-decoration: underline;">Derivatives Not Designated as Hedging Instruments</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">We enter into foreign currency forward exchange contracts to protect against the effects of foreign currency fluctuations on receivables and payables denominated in foreign currencies. These derivative instruments are not designated as hedges under the FASB guidance and, as a result, changes in their fair value are reported currently as Other (income) expense, net in the Condensed Consolidated Statements of Income consistent with the transaction gain or loss on the related receivables and payables denominated in foreign currencies.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">We had forward contracts outstanding as of July 31, 2015, in Euros, Pounds Sterling, Canadian Dollars, the South African Rand, and the New Taiwan Dollar with set maturity dates ranging from August 2015 through October 2015. The contract amounts at forward rates in U.S. Dollars at July 31, 2015 totaled $<font>44.9</font> million.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><font style="text-decoration: underline;">Fair Value of Derivative Instruments</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">We recognize the fair value of derivative instruments as assets and liabilities on a gross basis on our Condensed Consolidated Balance Sheets. As of July 31, 2015 and October 31, 2014, all derivative instruments were recorded at fair value on the balance sheets as follows (in thousands):</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%">
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="5">July 31, 2015</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="5">October 31, 2014</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;">Balance Sheet</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="2">Fair</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;">Balance Sheet</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="2">Fair</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-weight: bold; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;">Derivatives</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;">Location</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2">Value</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;">Location</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2">Value</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-decoration: underline; text-align: left; font-family: 'times new roman'; padding: 0px;">Designated as hedging instruments:</td>
<td style="font-family: 'Times New Roman';"></td>
<td style="font-family: 'Times New Roman';"></td>
<td style="font-family: 'Times New Roman';"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="50%">Foreign exchange forward contracts</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Derivative assets</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,972</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Derivative assets</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2,596</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="50%">Foreign exchange forward contracts</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Derivative liabilities</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>928</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Derivative liabilities</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>401</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-decoration: underline; text-align: left; font-family: 'times new roman'; padding: 0px;" width="50%">Not designated as hedging  instruments:</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="50%">Foreign exchange forward contracts</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Derivative assets</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>427</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Derivative assets</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>531</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="50%">Foreign exchange forward contracts</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Derivative liabilities</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>412</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Derivative liabilities</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>304</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><font style="text-decoration: underline;">Effect of Derivative Instruments on the Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Changes in Shareholders' Equity and Condensed Consolidated Statements of Income</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Derivative instruments had the following effects on our Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Changes in Shareholders' Equity and Condensed Consolidated Statements of Income, net of tax, during the three months ended July 31, 2015 and 2014 (in thousands):</p><div><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">
</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%">
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">Location of</td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">Gain (Loss)</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">Amount of Gain</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">Amount of Gain</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">Reclassified</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">(Loss) Reclassified</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">(Loss) Recognized in</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">from Other</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">from Other</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">Other Comprehensive</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">Comprehensive</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">Comprehensive</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-weight: bold; text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" nowrap="nowrap">Derivatives</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6" nowrap="nowrap">Income</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" nowrap="nowrap">Income</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6" nowrap="nowrap">Income</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">Three Months Ended</td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="16" nowrap="nowrap">Three Months Ended</td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">July 31,</td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="16" nowrap="nowrap">July 31,</td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">2015</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">2014</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">2015</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">2014</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-decoration: underline; text-align: left; font-family: 'times new roman'; padding: 0px;">Designated as hedging instruments:</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">(Effective portion)</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; padding: 0px; font-family: 'Times New Roman';" width="100%">Foreign exchange forward contracts – Intercompany sales/purchases</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(159</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>619</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Cost of sales  and service</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>377</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(243</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; padding: 0px; font-family: 'Times New Roman';" width="100%">Foreign exchange forward contract – Net investment</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>60</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>92</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p></div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">We did not recognize gains or losses as a result of hedges deemed ineffective for the three months ended July 31, 2015. We recognized a gain of $<font>19,000</font> for the three months ended July 31, 2014 as a result of contracts closed early that were deemed ineffective for financial reporting purposes and did not qualify as cash flow hedges. We recognized the following gains and losses in our Condensed Consolidated Statements of Income during the three months ended July 31, 2015 and 2014 on derivative instruments not designated as hedging instruments (in thousands):</p><div><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">
</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%">
<tr style="vertical-align: bottom;">
<td style="font-weight: bold; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;">Derivatives</td>
<td style="font-family: 'times new roman'; padding: 0px;"></td>
<td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><b>Location of Gain </b><br/><b>(Loss) Recognized </b> <br/><b>in Operations</b></p>
</td>
<td style="font-family: 'times new roman'; padding: 0px;"></td>
<td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><b>Amount of Gain (Loss)</b><br/><b>Recognized in Operations</b></p>
</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';"></td>
<td style="font-family: 'Times New Roman';"></td>
<td style="font-family: 'Times New Roman';"></td>
<td style="font-family: 'Times New Roman';"></td>
<td style="text-align: center; padding: 0px;" colspan="6">Three Months Ended <br/>July 31,</td>
<td style="font-family: 'Times New Roman';"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';"></td>
<td style="font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-family: 'Times New Roman';"></td>
<td style="font-family: 'times new roman'; padding: 0px;"></td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2">2015</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6">2014</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-decoration: underline; text-align: left; font-family: 'times new roman'; padding: 0px;">Not Designated as Hedging Instruments:</td>
<td style="font-family: 'Times New Roman';"></td>
<td style="font-family: 'Times New Roman';"></td>
<td style="font-family: 'Times New Roman';"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="50%">Foreign exchange forward contracts</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Other (income) expense, net</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>37</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>971</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in;"><i> </i></p></div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The following table presents the changes in the components of Accumulated other comprehensive loss, net of tax, for the three months ended July 31, 2015 (in thousands):</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%">
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="2">Foreign</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-family: 'Times New Roman';"></td>
<td style="font-family: 'Times New Roman';" colspan="2"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';" colspan="2"> </td>
<td style="font-family: 'Times New Roman';"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="2">Currency</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px; text-align: left;" colspan="10">Cash Flow</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';" colspan="2"> </td>
<td style="font-family: 'Times New Roman';"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2">Translation</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2">Hedges</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2">Total</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;" colspan="2"></td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;" colspan="2"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;" colspan="2"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; padding: 0px;" width="100%">Balance, April 30, 2015</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(8,587</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>3,215</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(5,372</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="100%">Other comprehensive income (loss) before reclassifications</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(1,658</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(159</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(1,817</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; padding: 0px;" width="100%">Reclassifications</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>—</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(377</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(377</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; padding: 0px;" width="100%">Balance, July 31, 2015</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(10,245</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2,679</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(7,566</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"> </p>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Derivative instruments had the following effects on our Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Changes in Shareholders' Equity and Condensed Consolidated Statements of Income, net of tax, during the nine months ended July 31 , 2015 and 2014 (in thousands):</p><div><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">
</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"> </p>
<table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%">
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">Amount of Gain (Loss)</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">Location of Gain</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">Amount of Gain (Loss)</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">Recognized in Other</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">(Loss) Reclassified from Other</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">Reclassified from Other</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-weight: bold; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" nowrap="nowrap">Derivatives</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6" nowrap="nowrap">Comprehensive Income</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" nowrap="nowrap">Comprehensive Income</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6" nowrap="nowrap">Comprehensive Income</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">Nine Months Ended</td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="16" nowrap="nowrap">Nine Months Ended</td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">July 31,</td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="16" nowrap="nowrap">July 31,</td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">2015</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">2014</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">2015</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">2014</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-decoration: underline; text-align: left; font-family: 'times new roman'; padding: 0px;">Designated as hedging instruments:</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; padding: 0px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; padding: 0px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">(Effective portion)</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; padding: 0px; font-family: 'Times New Roman';" width="100%">Foreign exchange forward contracts – Intercompany sales/purchases</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,693</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(592</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Cost of sales and service</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>5</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(724</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; padding: 0px; font-family: 'Times New Roman';" width="100%">Foreign exchange forward contract   – Net investment</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>308</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>39</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p></div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">We did not recognize gains or losses as a result of hedges deemed ineffective for the nine months ended July 31, 2015. We recognized a loss of $<font>10,000</font> for the nine months ended July 31, 2014 as a result of contracts closed early that were deemed ineffective for financial reporting purposes and did not qualify as cash flow hedges. We recognized the following gains and losses in our Condensed Consolidated Statements of Income during the nine months ended July 31, 2015 and 2014 on derivative instruments not designated as hedging instruments (in thousands):</p><div><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">
</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%">
<tr style="vertical-align: bottom;">
<td style="font-weight: bold; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" nowrap="nowrap">Derivatives</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" nowrap="nowrap">Location of Gain (Loss)<br/> Recognized in Operations</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6" nowrap="nowrap">Amount of Gain (Loss) Recognized in<br/> Operations</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="text-align: center; padding: 0px;" colspan="6" nowrap="nowrap">Nine Months Ended <br/>July 31,</td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">2015</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6" nowrap="nowrap">2014</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-decoration: underline; text-align: left; font-family: 'times new roman'; padding: 0px;">Not designated as hedging instruments:</td>
<td style="font-family: 'Times New Roman';"></td>
<td style="font-family: 'Times New Roman';"></td>
<td style="font-family: 'Times New Roman';"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="50%">Foreign exchange forward contracts</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Other (income) expense, net</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>3,082</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(2</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><br/></p>
</div><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The following table presents the changes in the components of Accumulated other comprehensive loss, net of tax, for the nine months ended July 31, 2015 (in thousands):</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%">
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="2" nowrap="nowrap">Foreign</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" colspan="2" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" colspan="2" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="2" nowrap="nowrap">Currency</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px; text-align: left;" colspan="10" nowrap="nowrap">Cash Flow</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" colspan="2" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">Translation</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">Hedges</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">Total</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;" colspan="2"></td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;" colspan="2"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;" colspan="2"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; padding: 0px;" width="100%">Balance, October 31, 2014</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(4,551</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>991</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(3,560</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="100%">Other comprehensive income (loss) before reclassifications</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(5,694</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,693</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(4,001</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; padding: 0px;" width="100%">Reclassifications</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>—</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(5</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(5</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; padding: 0px;" width="100%">Balance, July 31, 2015</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(10,245</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2,679</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(7,566</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"> </p>
</div>
</div>
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%">
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="5">July 31, 2015</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="5">October 31, 2014</td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;">Balance Sheet</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="2">Fair</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;">Balance Sheet</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="2">Fair</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-weight: bold; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;">Derivatives</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;">Location</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2">Value</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;">Location</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2">Value</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-decoration: underline; text-align: left; font-family: 'times new roman'; padding: 0px;">Designated as hedging instruments:</td>
<td style="font-family: 'Times New Roman';"></td>
<td style="font-family: 'Times New Roman';"></td>
<td style="font-family: 'Times New Roman';"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="50%">Foreign exchange forward contracts</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Derivative assets</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,972</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Derivative assets</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2,596</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="50%">Foreign exchange forward contracts</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Derivative liabilities</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>928</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Derivative liabilities</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>401</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-decoration: underline; text-align: left; font-family: 'times new roman'; padding: 0px;" width="50%">Not designated as hedging  instruments:</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="50%">Foreign exchange forward contracts</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Derivative assets</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>427</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Derivative assets</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>531</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="50%">Foreign exchange forward contracts</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Derivative liabilities</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>412</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Derivative liabilities</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>304</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
</div>
P5Y6M
P5Y18D
20.94
20.79
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%">
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="2">Foreign</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-family: 'Times New Roman';"></td>
<td style="font-family: 'Times New Roman';" colspan="2"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';" colspan="2"> </td>
<td style="font-family: 'Times New Roman';"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="2">Currency</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px; text-align: left;" colspan="10">Cash Flow</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';" colspan="2"> </td>
<td style="font-family: 'Times New Roman';"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2">Translation</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2">Hedges</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2">Total</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;" colspan="2"></td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;" colspan="2"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;" colspan="2"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; padding: 0px;" width="100%">Balance, April 30, 2015</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(8,587</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>3,215</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(5,372</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="100%">Other comprehensive income (loss) before reclassifications</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(1,658</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(159</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(1,817</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; padding: 0px;" width="100%">Reclassifications</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>—</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(377</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(377</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; padding: 0px;" width="100%">Balance, July 31, 2015</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(10,245</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2,679</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(7,566</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"> </p>
</div>
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%">
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="2" nowrap="nowrap">Foreign</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" colspan="2" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" colspan="2" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="2" nowrap="nowrap">Currency</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px; text-align: left;" colspan="10" nowrap="nowrap">Cash Flow</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" colspan="2" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">Translation</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">Hedges</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">Total</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;" colspan="2"></td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;" colspan="2"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;" colspan="2"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; padding: 0px;" width="100%">Balance, October 31, 2014</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(4,551</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>991</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(3,560</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="100%">Other comprehensive income (loss) before reclassifications</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(5,694</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,693</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(4,001</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; padding: 0px;" width="100%">Reclassifications</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>—</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(5</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(5</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="font-family: 'times new roman'; padding: 0px;" width="100%">Balance, July 31, 2015</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(10,245</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2,679</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(7,566</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"> </p>
</div>
2015-10-31
2015-08-31
2016-07-31
2015-08-31
P10Y
750000
128189
15300
0.75
11174
P3Y
32.22
0.40
0.50
2.00
34.41
15643
0.35
0.50
2.00
32.22
9086
P1Y
30.80
81038
23.83
52643
32.67
27538
23.08
7344
21.82
98799
28.89
881000
657000
1800000
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in;">4.    EQUITY INCENTIVE PLAN</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">In March 2008, we adopted the Hurco Companies, Inc. 2008 Equity Incentive Plan (the “2008 Plan”), which allows us to grant awards of stock options, Stock Appreciation Rights settled in stock (SARs), restricted shares, performance shares and performance units. The Compensation Committee of the Board of Directors has authority to determine the officers, directors and key employees who will be granted awards; designate the number of shares subject to each award; determine the terms and conditions upon which awards will be granted; and prescribe the form and terms of award agreements. We have granted stock options, restricted shares and performance shares under the 2008 Plan which are currently outstanding. No stock option may be exercised more than <font>ten</font> years after the date of grant or such shorter period as the Compensation Committee may determine at the date of grant. The total number of shares of our common stock that may be issued as awards under the 2008 Plan is <font>750,000</font>. The market value of a share of our common stock, for purposes of the 2008 Plan, is the closing sale price as reported by the Nasdaq Global Select Market on the date in question or, if not a trading day, on the last preceding trading date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">A summary of stock option activity for the nine-month period ended July 31, 2015, is as follows:</p><div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%"> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><b>Stock</b><br/><b>Options</b></p> </td> <td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td> <td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="5" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><b>Weighted Average</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><b>Exercise Price</b></p> </td> <td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"></td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;" colspan="2"></td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;" colspan="2"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" width="100%">Outstanding at October 31, 2014</td> <td style="font-family: 'times new roman'; padding: 0px;"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"></td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>128,189</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>20.45</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" width="100%">Options granted</td> <td style="font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>—</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>—</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" width="100%">Options exercised</td> <td style="font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(15,300</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>16.81</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" width="100%">Options cancelled</td> <td style="font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>—</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>—</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" width="100%">Outstanding at July 31, 2015</td> <td style="font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>112,889</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>20.94</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p></div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Summarized information about outstanding stock options as of July 31, 2015, that have already vested and those that are expected to vest, as well as stock options that are currently exercisable, are as follows:</p><div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"> </p> <table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%"> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;"></td> <td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td> <td style="font-weight: bold; text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2">Options Already<br/> Vested and Expected<br/> to Vest</td> <td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td> <td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td> <td style="font-weight: bold; text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6">Options Currently<br/> Exercisable</td> <td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"></td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;" colspan="2"></td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;" colspan="2"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="100%">Number of outstanding options</td> <td style="font-family: 'times new roman'; padding: 0px;"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>112,889</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>105,940</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="100%">Weighted average remaining contractual life (years)</td> <td style="font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>5.50</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>5.05</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="font-family: 'Times New Roman';" width="100%">Weighted average exercise price per share</td> <td style="font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>20.94</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>20.79</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="font-family: 'Times New Roman';" width="100%">Intrinsic value of outstanding options</td> <td style="font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,215,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,159,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"> </p></div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">The intrinsic value of an outstanding stock option is calculated as the difference between the stock price as of July 31, 2015 and the exercise price of the option.<b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">On January 6, 2015, the Compensation Committee approved a long-term incentive compensation arrangement for our executive officers in the form of restricted shares and performance shares awarded under the 2008 Plan. The awards were <font>25</font>% time-based vesting and <font>75</font>% performance-based vesting. The three-year performance period is fiscal 2015 through fiscal 2017.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">On this date, the Compensation Committee granted a total of <font>11,174</font> shares of time-based restricted shares to our executive officers. The restricted shares vest in thirds over <font>three</font> years from the date of grant provided the recipient remains employed through that date. The grant date fair value of the restricted shares was based upon the closing sales price of our common stock on the date of grant which was $<font>32.22</font>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The Compensation Committee also granted a total target number of <font>16,740</font> performance shares to our executive officers designated as “Performance Shares – TSR”. The shares were weighted as <font>40</font>% of the overall long-term incentive compensation arrangement and will vest and be paid based upon our total shareholder return of our common stock over a three-year period, relative to the total shareholder return of the companies in a specified peer group over that period. Participants will have the ability to earn between <font>50</font>% of the target number of shares for achieving threshold performance and <font>200</font>% of the target number of shares for achieving maximum performance. The fair value of the market-based performance shares was $<font>34.41</font> per share and was calculated using the Monte Carlo approach.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The Compensation Committee also granted a total target number of <font>15,643</font> performance shares to our executive officers designated as “Performance Shares – ROIC”. These shares were weighted as <font>35</font>% of the overall long-term incentive compensation arrangement and will vest and be paid based upon the achievement of pre-established goals related to our average return on invested capital over the three-year period. Participants will have the ability to earn between <font>50</font>% of the target number of shares for achieving threshold performance and <font>200</font>% of the target number of shares for achieving maximum performance. The grant date fair value of the ROIC performance shares was based on the closing sales price of our common stock on the grant date which was $<font>32.22</font> per share.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">On March 12, 2015, the Compensation Committee granted a total of <font>9,086</font> shares of restricted stock to our non-employee directors. The restricted stock vests in full <font>one</font> year from the date of grant provided the recipient remains on the board of directors through that date. The grant date fair value of restricted stock was based on the closing sales price of our common stock on the grant date which was $<font>30.80</font> per share.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">A reconciliation of the activity relating to outstanding restricted share awards made under the 2008 Plan and related information is as follows:</p><div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%"> <tr style="vertical-align: bottom;"> <td style="font-family: 'Times New Roman';"></td> <td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td> <td style="font-weight: bold; text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2">Number of<br/> Shares</td> <td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td> <td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td> <td style="font-weight: bold; text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="5">Weighted Average<br/> Grant  Date<br/> Fair Value</td> <td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-indent: 12pt; font-family: 'times new roman'; padding: 0px;" width="100%">Unvested at October 31, 2014</td> <td style="font-family: 'times new roman'; padding: 0px;"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>81,038</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>23.83</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-indent: 12pt; font-family: 'times new roman'; padding: 0px;" width="100%">Shares granted</td> <td style="font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>52,643</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>32.67</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-indent: 12pt; font-family: 'times new roman'; padding: 0px;" width="100%">Shares vested</td> <td style="font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(27,538</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>23.08</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-indent: 12pt; font-family: 'times new roman'; padding: 0px;" width="100%">Shares withheld</td> <td style="font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(7,344</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>21.82</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-indent: 12pt; font-family: 'times new roman'; padding: 0px;" width="100%">Unvested at July 31, 2015</td> <td style="font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>98,799</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>28.89</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p></div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">During the first nine months of fiscal 2015 and 2014, we recorded $<font>881,000</font> and $<font>657,000</font>, respectively, as stock-based compensation expense related to grants under the 2008 Plan. As of July 31, 2015, there was an estimated $<font>1.8</font> million of total unrecognized stock-based compensation cost that we expect to recognize by the end of the first quarter of fiscal 2018.</p></div>
35000
66000
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%"> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><b>Stock</b><br/><b>Options</b></p> </td> <td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td> <td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="5" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><b>Weighted Average</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><b>Exercise Price</b></p> </td> <td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"></td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;" colspan="2"></td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;" colspan="2"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" width="100%">Outstanding at October 31, 2014</td> <td style="font-family: 'times new roman'; padding: 0px;"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"></td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>128,189</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>20.45</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" width="100%">Options granted</td> <td style="font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>—</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>—</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" width="100%">Options exercised</td> <td style="font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(15,300</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>16.81</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" width="100%">Options cancelled</td> <td style="font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>—</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>—</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" width="100%">Outstanding at July 31, 2015</td> <td style="font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>112,889</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>20.94</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p></div>
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"> </p> <table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%"> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;"></td> <td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td> <td style="font-weight: bold; text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2">Options Already<br/> Vested and Expected<br/> to Vest</td> <td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td> <td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td> <td style="font-weight: bold; text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6">Options Currently<br/> Exercisable</td> <td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"></td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;" colspan="2"></td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;" colspan="2"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="100%">Number of outstanding options</td> <td style="font-family: 'times new roman'; padding: 0px;"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>112,889</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>105,940</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="100%">Weighted average remaining contractual life (years)</td> <td style="font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>5.50</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>5.05</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="font-family: 'Times New Roman';" width="100%">Weighted average exercise price per share</td> <td style="font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>20.94</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>20.79</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="font-family: 'Times New Roman';" width="100%">Intrinsic value of outstanding options</td> <td style="font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,215,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,159,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"> </p></div>
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%"> <tr style="vertical-align: bottom;"> <td style="font-family: 'Times New Roman';"></td> <td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"></td> <td style="font-weight: bold; text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2">Number of<br/> Shares</td> <td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td> <td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td> <td style="font-weight: bold; text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="5">Weighted Average<br/> Grant  Date<br/> Fair Value</td> <td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-indent: 12pt; font-family: 'times new roman'; padding: 0px;" width="100%">Unvested at October 31, 2014</td> <td style="font-family: 'times new roman'; padding: 0px;"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>81,038</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>23.83</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-indent: 12pt; font-family: 'times new roman'; padding: 0px;" width="100%">Shares granted</td> <td style="font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>52,643</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>32.67</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-indent: 12pt; font-family: 'times new roman'; padding: 0px;" width="100%">Shares vested</td> <td style="font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(27,538</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>23.08</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-indent: 12pt; font-family: 'times new roman'; padding: 0px;" width="100%">Shares withheld</td> <td style="font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(7,344</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>21.82</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-indent: 12pt; font-family: 'times new roman'; padding: 0px;" width="100%">Unvested at July 31, 2015</td> <td style="font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>98,799</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>28.89</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p></div>
21000
83000
3662000
4340000
11344000
10197000
6552000
42000
43000
44000
36000
0.66
1.73
1.56
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><div style="display: block;"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in;">5.    EARNINGS PER SHARE</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Per share results have been computed based on the average number of common shares outstanding. The computation of basic and diluted net income per share is determined using net income applicable to common shareholders as the numerator and the number of shares outstanding as the denominator as follows (in thousands, except per share amounts):</p><div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%"><tr style="vertical-align: bottom;"><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; text-align:center; font-size:8pt;font-family:'times new roman';padding:0px;" colspan="14"><font style="font-size: 10pt;">Three Months Ended</font></td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; text-align:center; font-size:8pt;font-family:'times new roman';padding:0px;" colspan="30"><font style="font-size: 10pt;">Nine Months Ended</font></td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td></tr><tr style="vertical-align: bottom; font-size: 8pt;"><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="14"><font style="font-size: 10pt;">July 31,</font></td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="30"><font style="font-size: 10pt;">July 31,</font></td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td></tr><tr style="vertical-align: bottom; font-size: 8pt;"><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="6"><font style="font-size: 10pt;">2015</font></td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="6"><font style="font-size: 10pt;">2014</font></td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="6"><font style="font-size: 10pt;">2015</font></td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="6"><font style="font-size: 10pt;">2014</font></td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td></tr><tr style="vertical-align: bottom; font-size: 8pt;"><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="2"><font style="font-size: 10pt;">Basic</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="2"><font style="font-size: 10pt;">Diluted</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="2"><font style="font-size: 10pt;">Basic</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="2"><font style="font-size: 10pt;">Diluted</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="2"><font style="font-size: 10pt;">Basic</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="2"><font style="font-size: 10pt;">Diluted</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="2"><font style="font-size: 10pt;">Basic</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="2"><font style="font-size: 10pt;">Diluted</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td></tr><tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-size: 8pt;"><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;" width="100%"><font style="font-size: 10pt;">Net income</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>3,683</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>3,683</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>4,375</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>4,375</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>11,410</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>11,410</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>10,280</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>10,280</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td></tr><tr style="vertical-align: bottom; background-color: white; font-size: 8pt;"><td style="text-align:left;text-indent:0.1in; font-size:8pt;font-family:'times new roman';padding:0px;" width="100%"><font style="font-size: 10pt;">Undistributed earnings allocated to participating shares</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>(21</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;border-bottom:#000000 1pt solid !important;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 1pt solid !important;">)</td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>(21</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;border-bottom:#000000 1pt solid !important;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 1pt solid !important;">)</td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>(35</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;border-bottom:#000000 1pt solid !important;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 1pt solid !important;">)</td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>(35</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;border-bottom:#000000 1pt solid !important;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 1pt solid !important;">)</td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>(66</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;border-bottom:#000000 1pt solid !important;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 1pt solid !important;">)</td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>(66</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;border-bottom:#000000 1pt solid !important;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 1pt solid !important;">)</td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>(83</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;border-bottom:#000000 1pt solid !important;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 1pt solid !important;">)</td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>(83</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;border-bottom:#000000 1pt solid !important;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 1pt solid !important;">)</td></tr><tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-size: 8pt;"><td style="text-align:left;text-indent:0.1in; font-size:8pt;font-family:'times new roman';padding:0px;" width="100%"><font style="font-size: 10pt;">Net income applicable to common shareholders</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>3,662</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>3,662</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>4,340</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>4,340</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>11,344</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>11,344</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>10,197</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>10,197</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td></tr><tr style="vertical-align: bottom; background-color: white; font-size: 8pt;"><td style="text-indent:0.1in; font-size:8pt;font-family:'times new roman';padding:0px;" width="100%"><font style="font-size: 10pt;">Weighted average shares outstanding</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,552</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,552</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,505</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,505</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,540</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,540</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,493</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,493</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td></tr><tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-size: 8pt;"><td style="text-align:left;text-indent:0.1in; font-size:8pt;font-family:'times new roman';padding:0px;" width="100%"><font style="font-size: 10pt;">Stock options</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>—</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 1pt solid !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>42</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 1pt solid !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>—</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 1pt solid !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>43</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 1pt solid !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>—</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 1pt solid !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>44</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 1pt solid !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>—</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 1pt solid !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>36</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 1pt solid !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td></tr><tr style="vertical-align: bottom; background-color: white; font-size: 8pt;"><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,552</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,594</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,505</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,548</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,540</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,584</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,493</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,529</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td></tr><tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-size: 8pt;"><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td></tr><tr style="vertical-align: bottom; background-color: white; font-size: 8pt;"><td style="font-size:8pt;font-family:'times new roman';padding:0px;" width="100%"><font style="font-size: 10pt;">Income per share</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 2.80pt double !important;border-bottom:#000000 2.80pt double !important;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>0.56</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 2.80pt double !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 2.80pt double !important;border-bottom:#000000 2.80pt double !important;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>0.55</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 2.80pt double !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 2.80pt double !important;border-bottom:#000000 2.80pt double !important;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>0.67</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 2.80pt double !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 2.80pt double !important;border-bottom:#000000 2.80pt double !important;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>0.66</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 2.80pt double !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 2.80pt double !important;border-bottom:#000000 2.80pt double !important;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>1.73</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 2.80pt double !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 2.80pt double !important;border-bottom:#000000 2.80pt double !important;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>1.72</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 2.80pt double !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 2.80pt double !important;border-bottom:#000000 2.80pt double !important;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>1.57</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 2.80pt double !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 2.80pt double !important;border-bottom:#000000 2.80pt double !important;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>1.56</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 2.80pt double !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td></tr></table></div> </div></div>
3100000
1300000
705000
90000000
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%"><tr style="vertical-align: bottom;"><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; text-align:center; font-size:8pt;font-family:'times new roman';padding:0px;" colspan="14"><font style="font-size: 10pt;">Three Months Ended</font></td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; text-align:center; font-size:8pt;font-family:'times new roman';padding:0px;" colspan="30"><font style="font-size: 10pt;">Nine Months Ended</font></td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td></tr><tr style="vertical-align: bottom; font-size: 8pt;"><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="14"><font style="font-size: 10pt;">July 31,</font></td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="30"><font style="font-size: 10pt;">July 31,</font></td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td></tr><tr style="vertical-align: bottom; font-size: 8pt;"><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="6"><font style="font-size: 10pt;">2015</font></td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="6"><font style="font-size: 10pt;">2014</font></td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="6"><font style="font-size: 10pt;">2015</font></td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-weight:bold; text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="6"><font style="font-size: 10pt;">2014</font></td><td style="font-weight:bold; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td></tr><tr style="vertical-align: bottom; font-size: 8pt;"><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="2"><font style="font-size: 10pt;">Basic</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="2"><font style="font-size: 10pt;">Diluted</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="2"><font style="font-size: 10pt;">Basic</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="2"><font style="font-size: 10pt;">Diluted</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="2"><font style="font-size: 10pt;">Basic</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="2"><font style="font-size: 10pt;">Diluted</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="2"><font style="font-size: 10pt;">Basic</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:center; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;" colspan="2"><font style="font-size: 10pt;">Diluted</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td></tr><tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-size: 8pt;"><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;" width="100%"><font style="font-size: 10pt;">Net income</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>3,683</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>3,683</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>4,375</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>4,375</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>11,410</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>11,410</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>10,280</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>10,280</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td></tr><tr style="vertical-align: bottom; background-color: white; font-size: 8pt;"><td style="text-align:left;text-indent:0.1in; font-size:8pt;font-family:'times new roman';padding:0px;" width="100%"><font style="font-size: 10pt;">Undistributed earnings allocated to participating shares</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>(21</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;border-bottom:#000000 1pt solid !important;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 1pt solid !important;">)</td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>(21</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;border-bottom:#000000 1pt solid !important;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 1pt solid !important;">)</td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>(35</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;border-bottom:#000000 1pt solid !important;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 1pt solid !important;">)</td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>(35</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;border-bottom:#000000 1pt solid !important;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 1pt solid !important;">)</td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>(66</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;border-bottom:#000000 1pt solid !important;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 1pt solid !important;">)</td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>(66</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;border-bottom:#000000 1pt solid !important;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 1pt solid !important;">)</td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>(83</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;border-bottom:#000000 1pt solid !important;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 1pt solid !important;">)</td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>(83</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;border-bottom:#000000 1pt solid !important;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 1pt solid !important;">)</td></tr><tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-size: 8pt;"><td style="text-align:left;text-indent:0.1in; font-size:8pt;font-family:'times new roman';padding:0px;" width="100%"><font style="font-size: 10pt;">Net income applicable to common shareholders</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>3,662</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>3,662</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>4,340</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>4,340</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>11,344</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>11,344</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>10,197</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>10,197</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td></tr><tr style="vertical-align: bottom; background-color: white; font-size: 8pt;"><td style="text-indent:0.1in; font-size:8pt;font-family:'times new roman';padding:0px;" width="100%"><font style="font-size: 10pt;">Weighted average shares outstanding</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,552</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,552</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,505</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,505</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,540</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,540</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,493</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,493</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td></tr><tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-size: 8pt;"><td style="text-align:left;text-indent:0.1in; font-size:8pt;font-family:'times new roman';padding:0px;" width="100%"><font style="font-size: 10pt;">Stock options</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>—</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 1pt solid !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>42</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 1pt solid !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>—</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 1pt solid !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>43</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 1pt solid !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>—</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 1pt solid !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>44</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 1pt solid !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>—</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 1pt solid !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>36</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 1pt solid !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td></tr><tr style="vertical-align: bottom; background-color: white; font-size: 8pt;"><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,552</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,594</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,505</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,548</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,540</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,584</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,493</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>6,529</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td></tr><tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-size: 8pt;"><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;vertical-align:top;text-align:left;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td></tr><tr style="vertical-align: bottom; background-color: white; font-size: 8pt;"><td style="font-size:8pt;font-family:'times new roman';padding:0px;" width="100%"><font style="font-size: 10pt;">Income per share</font></td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 2.80pt double !important;border-bottom:#000000 2.80pt double !important;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>0.56</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 2.80pt double !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 2.80pt double !important;border-bottom:#000000 2.80pt double !important;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>0.55</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 2.80pt double !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 2.80pt double !important;border-bottom:#000000 2.80pt double !important;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>0.67</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 2.80pt double !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 2.80pt double !important;border-bottom:#000000 2.80pt double !important;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>0.66</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 2.80pt double !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 2.80pt double !important;border-bottom:#000000 2.80pt double !important;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>1.73</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 2.80pt double !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 2.80pt double !important;border-bottom:#000000 2.80pt double !important;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>1.72</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 2.80pt double !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 2.80pt double !important;border-bottom:#000000 2.80pt double !important;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>1.57</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 2.80pt double !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 2.80pt double !important;border-bottom:#000000 2.80pt double !important;">$</td><td style="text-align:right; font-size:8pt;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;font-size: 10pt;font-size: 10pt;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>1.56</font></td><td style="text-align:left; font-size:8pt;font-family:'times new roman';font-size:10pt;font-size:10pt;padding:0px;border-bottom:#000000 2.80pt double !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td></tr></table></div>
829000
878000
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in;">6.    ACCOUNTS RECEIVABLE</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Accounts receivable are net of allowances for doubtful accounts of $<font>829,000</font> as of July 31, 2015 and $<font>878,000</font> as of October 31, 2014.</p></div>
21703000
23629000
14236000
61291000
111978000
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><div style="display: block;"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in;">7.     INVENTORIES</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Inventories, priced at the lower of cost (first-in, first-out method) or market, are summarized below (in thousands):</p><div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%"><tr style="vertical-align: bottom;"><td style="text-align:justify;font-family:'times new roman';padding:0px;"> </td><td style="font-family:'times new roman';padding:0px;"> </td><td style="text-align:center;border-bottom:#000000 1pt solid !important;padding:0px;" colspan="2"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><b>July 31, </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><b>2015</b></p></td><td style="font-family:'times new roman';padding:0px;"> </td><td style="font-family:'times new roman';padding:0px;"> </td><td style="text-align:center;border-bottom:#000000 1pt solid !important;padding:0px;" colspan="6"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><b>October 31, </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><b>2014</b></p></td><td style="font-family:'times new roman';padding:0px;"> </td></tr><tr style="vertical-align: bottom; background-color: rgb(204,238,255);"><td style="text-align:justify;font-family:'times new roman';padding:0px;" width="100%">Purchased parts and sub-assemblies</td><td style="font-family:'times new roman';padding:0px;"> </td><td style="text-align:left;font-family:'times new roman';padding:0px;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right;font-family:'times new roman';padding:0px;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>27,058</font></td><td style="text-align:left;font-family:'times new roman';padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-family:'times new roman';padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left;font-family:'times new roman';padding:0px;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right;font-family:'times new roman';padding:0px;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>21,703</font></td><td style="text-align:left;font-family:'times new roman';padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align:justify;font-family:'times new roman';padding:0px;" width="100%">Work-in-process</td><td style="font-family:'Times New Roman';"> </td><td style="text-align:left;font-family:'times new roman';padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right;font-family:'times new roman';padding:0px;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>23,629</font></td><td style="text-align:left;font-family:'times new roman';padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="white-space:nowrap;padding-right:5px;padding-left:5px;font-family:'Times New Roman';"> </td><td style="text-align:left;font-family:'times new roman';padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right;font-family:'times new roman';padding:0px;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>14,236</font></td><td style="text-align:left;font-family:'times new roman';padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td></tr><tr style="vertical-align: bottom; background-color: rgb(204,238,255);"><td style="text-align:justify;font-family:'times new roman';padding:0px;" width="100%">Finished goods</td><td style="font-family:'times new roman';padding:0px;"> </td><td style="text-align:left;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>61,291</font></td><td style="text-align:left;font-family:'times new roman';padding:0px;border-bottom:#000000 1pt solid !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-family:'times new roman';padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>60,053</font></td><td style="text-align:left;font-family:'times new roman';padding:0px;border-bottom:#000000 1pt solid !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align:justify;font-family:'times new roman';padding:0px;"> </td><td style="font-family:'times new roman';padding:0px;"> </td><td style="text-align:left;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 2.80pt double !important;border-bottom:#000000 2.80pt double !important;">$</td><td style="text-align:right;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>111,978</font></td><td style="text-align:left;font-family:'times new roman';padding:0px;border-bottom:#000000 2.80pt double !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-family:'times new roman';padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 2.80pt double !important;border-bottom:#000000 2.80pt double !important;">$</td><td style="text-align:right;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>95,992</font></td><td style="text-align:left;font-family:'times new roman';padding:0px;border-bottom:#000000 2.80pt double !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"> </p></div></div></div>
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%"><tr style="vertical-align: bottom;"><td style="text-align:justify;font-family:'times new roman';padding:0px;"> </td><td style="font-family:'times new roman';padding:0px;"> </td><td style="text-align:center;border-bottom:#000000 1pt solid !important;padding:0px;" colspan="2"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><b>July 31, </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><b>2015</b></p></td><td style="font-family:'times new roman';padding:0px;"> </td><td style="font-family:'times new roman';padding:0px;"> </td><td style="text-align:center;border-bottom:#000000 1pt solid !important;padding:0px;" colspan="6"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><b>October 31, </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><b>2014</b></p></td><td style="font-family:'times new roman';padding:0px;"> </td></tr><tr style="vertical-align: bottom; background-color: rgb(204,238,255);"><td style="text-align:justify;font-family:'times new roman';padding:0px;" width="100%">Purchased parts and sub-assemblies</td><td style="font-family:'times new roman';padding:0px;"> </td><td style="text-align:left;font-family:'times new roman';padding:0px;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right;font-family:'times new roman';padding:0px;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>27,058</font></td><td style="text-align:left;font-family:'times new roman';padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-family:'times new roman';padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left;font-family:'times new roman';padding:0px;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;">$</td><td style="text-align:right;font-family:'times new roman';padding:0px;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>21,703</font></td><td style="text-align:left;font-family:'times new roman';padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align:justify;font-family:'times new roman';padding:0px;" width="100%">Work-in-process</td><td style="font-family:'Times New Roman';"> </td><td style="text-align:left;font-family:'times new roman';padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right;font-family:'times new roman';padding:0px;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>23,629</font></td><td style="text-align:left;font-family:'times new roman';padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="white-space:nowrap;padding-right:5px;padding-left:5px;font-family:'Times New Roman';"> </td><td style="text-align:left;font-family:'times new roman';padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:right;font-family:'times new roman';padding:0px;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>14,236</font></td><td style="text-align:left;font-family:'times new roman';padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td></tr><tr style="vertical-align: bottom; background-color: rgb(204,238,255);"><td style="text-align:justify;font-family:'times new roman';padding:0px;" width="100%">Finished goods</td><td style="font-family:'times new roman';padding:0px;"> </td><td style="text-align:left;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>61,291</font></td><td style="text-align:left;font-family:'times new roman';padding:0px;border-bottom:#000000 1pt solid !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-family:'times new roman';padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;border-bottom:#000000 1pt solid !important;"> </td><td style="text-align:right;font-family:'times new roman';border-bottom:#000000 1pt solid !important;padding:0px;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>60,053</font></td><td style="text-align:left;font-family:'times new roman';padding:0px;border-bottom:#000000 1pt solid !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align:justify;font-family:'times new roman';padding:0px;"> </td><td style="font-family:'times new roman';padding:0px;"> </td><td style="text-align:left;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 2.80pt double !important;border-bottom:#000000 2.80pt double !important;">$</td><td style="text-align:right;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>111,978</font></td><td style="text-align:left;font-family:'times new roman';padding:0px;border-bottom:#000000 2.80pt double !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="font-family:'times new roman';padding:0px;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td><td style="text-align:left;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;text-align:left;vertical-align:bottom;padding-right:10px;white-space:nowrap;border-bottom:#000000 2.80pt double !important;border-bottom:#000000 2.80pt double !important;">$</td><td style="text-align:right;font-family:'times new roman';border-bottom:#000000 2.80pt double !important;padding:0px;text-align:right;vertical-align:bottom;white-space:nowrap;"><font>95,992</font></td><td style="text-align:left;font-family:'times new roman';padding:0px;border-bottom:#000000 2.80pt double !important;white-space:nowrap;padding-right:5px;padding-left:5px;"> </td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"> </p></div>
12500000
5100000
22091000
23190000
5540000
17650000
0
900000
-300000
100000
647000
732000
59244000
66358000
181048000
193589000
-17000
3418000
6944000
7521000
700000
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">8.     ACQUISITIONS OF BUSINESSES</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">On July 14, 2015, we acquired the assets of the machine tool business of Milltronics Manufacturing Company, Inc., a U.S.-based manufacturer of CNC mills, lathes, and vertical and horizontal machining centers. We are operating this U.S. business through our newly-formed subsidiary, Milltronics USA, Inc. (“Milltronics”). Also, on July 28, 2015, we acquired the assets of the machine tool business of Takumi Machinery Co., Ltd. (“Takumi”), a Taiwan-based designer and manufacturer of CNC vertical machining centers, double column machining centers, high speed bridge machines and other machine tools equipped with industrial controls. We are operating this Taiwan business through our subsidiary, Hurco Manufacturing Limited. These acquisitions contribute to our efforts to expand our consolidated product range, customer base and global platform, and accelerate emerging market penetration, particularly in strategic markets such as China and South America. The combined Hurco, Milltronics and Takumi businesses represent a comprehensive product portfolio with more than 150 different models. The combined machine tool product lines also provide benefits from the development of product enhancements, technologies and models due to leverage of shared resources and cross-utilization of proven engineering designs, allowing us to achieve manufacturing cost reductions from economies of scale and manufacturing efficiencies.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The purchase prices for these acquisitions have been preliminarily allocated to the assets acquired and the liabilities assumed based on their estimated fair values. The purchase prices for the acquired assets and the assumed liabilities were $<font>12.5</font> million for Milltronics and $<font>5.1</font> million for Takumi. The allocations of the purchase price as of the acquired dates were as follow (in thousands):</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" align="center" width="100%">
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="100%">Current assets</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>22,091</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="100%">Property plant and equipment</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,099</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="100%">Total assets</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>23,190</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="100%">Current liabilities</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>5,540</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="100%">Total purchase price and cash expended</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>17,650</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">We performed a preliminary assessment of the fair values of the acquired assets and assumed liabilities for both Milltronics and Takumi using a discounted cash flow method that involves certain inputs that are not observable in the market (Level 3). The preliminary results indicated the fair values of the acquired assets and assumed liabilities did not exceed the purchase price, resulting in <font>zero</font> goodwill and intangibles. The preliminary fair values of assets acquired and liabilities assumed in the acquisitions are subject to change as we obtain additional information for our estimates during the applicable measurement period. The primary areas that are not yet finalized relate to cost of goods sold expenses associated with the estimated step-up in inventory, amortization expenses associated with potential intangibles and residual goodwill.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The results of operations of Milltronics and Takumi have been included in our condensed consolidated financial statements from the respective dates of acquisitions. The Milltronics business recorded revenues of $<font>0.9</font> million and net loss of $<font>0.3</font> million during the period following our acquisition on July 14, 2015 through July 31, 2015. The Takumi business recorded revenues of $<font>0.1</font> million and minimal net loss during the period following our acquisition on July 28, 2015 to July 31, 2015. We incurred various costs related to the purchase of these businesses including professional fees for due diligence, legal services and travel expenses. These costs totaled approximately $<font>647,000</font> and $<font>732,000</font> for the three and nine month periods ended July 31, 2015, respectively, and have been recorded in Selling, general and administrative expenses in our Condensed Consolidated Statements of Income.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><b>Unaudited Condensed Pro Forma Results</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Milltronics and Takumi operating results have been included in our consolidated results of operations since the respective effective dates of the acquisitions.  The following unaudited condensed pro forma financial information is presented as if the acquisitions were completed as of November 1, 2013 (in thousands):</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"><br/></p>
<table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%">
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap"><font style="font: 10pt Times New Roman, Times, Serif;"><b>Three Months Ended</b></font></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="14" nowrap="nowrap"><font style="font: 10pt Times New Roman, Times, Serif;"><b>Nine Months Ended</b></font></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6" nowrap="nowrap"><font style="font: 10pt Times New Roman, Times, Serif;"><b>July 31,</b></font></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="14" nowrap="nowrap"><font style="font: 10pt Times New Roman, Times, Serif;"><b>July 31,</b></font></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"><font style="font: 10pt Times New Roman, Times, Serif;"><b>2015</b></font></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"><font style="font: 10pt Times New Roman, Times, Serif;"><b>2014</b></font></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"><font style="font: 10pt Times New Roman, Times, Serif;"><b>2015</b></font></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"><font style="font: 10pt Times New Roman, Times, Serif;"><b>2014</b></font></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap" width="100%">Sales and service fees</td>
<td style="font-family: 'times new roman'; padding: 0px;"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>59,244</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>66,358</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>181,048</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>193,589</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;" nowrap="nowrap"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="100%">Net Income (loss)</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(17</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">) </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>3,418</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>6,944</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>7,521</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
</table>
<p><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"> </p>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The unaudited condensed pro forma financial information presented is for information purposes only and is not necessarily indicative of the actual results that would have occurred had the acquisitions been consummated at the beginning of the respective period, nor is it necessarily indicative of future consolidated operating results..  The 2015 and 2014 unaudited condensed pro forma financial results reflect Milltronics and Takumi operations for the three and nine month periods ended July 31, 2015 and 2014.   As the unaudited condensed pro forma financial information is presented as if the acquisitions had occurred on November 1, 2013, a net income reduction and employee costs was reflected in the first quarter of fiscal 2014 related to acquisition costs of $<font>0.7</font> million. Therefore, the effect of this item is included in the nine-month period ended July 31, 2014 unaudited pro forma results presented above, but not in the nine month period ended July 31, 2015, or in either of the three month periods.</p>
</div>
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" align="center" width="100%">
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="100%">Current assets</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>22,091</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="100%">Property plant and equipment</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,099</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="100%">Total assets</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>23,190</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="100%">Current liabilities</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>5,540</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="100%">Total purchase price and cash expended</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>17,650</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
</div>
120000000
4000000
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"><br/></p>
<table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%">
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap"><font style="font: 10pt Times New Roman, Times, Serif;"><b>Three Months Ended</b></font></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="14" nowrap="nowrap"><font style="font: 10pt Times New Roman, Times, Serif;"><b>Nine Months Ended</b></font></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6" nowrap="nowrap"><font style="font: 10pt Times New Roman, Times, Serif;"><b>July 31,</b></font></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="14" nowrap="nowrap"><font style="font: 10pt Times New Roman, Times, Serif;"><b>July 31,</b></font></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"><font style="font: 10pt Times New Roman, Times, Serif;"><b>2015</b></font></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"><font style="font: 10pt Times New Roman, Times, Serif;"><b>2014</b></font></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"><font style="font: 10pt Times New Roman, Times, Serif;"><b>2015</b></font></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"><font style="font: 10pt Times New Roman, Times, Serif;"><b>2014</b></font></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap" width="100%">Sales and service fees</td>
<td style="font-family: 'times new roman'; padding: 0px;"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>59,244</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>66,358</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>181,048</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>193,589</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;" nowrap="nowrap"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="100%">Net Income (loss)</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(17</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">) </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>3,418</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>6,944</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>7,521</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
</table>
<p><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in;"> </p>
</div>
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">9.    SEGMENT INFORMATION</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">We operate in a single segment: industrial automation systems. We design and produce interactive computer control systems and software, computerized machine tools and machine tool components for sale through our own distribution network to the worldwide metal-working market. We also provide software options, control upgrades, accessories and replacement parts for our products, as well as customer service and training support.</p></div>
17
2048000
1778000
2804000
2466000
2745000
-83000
-9000
1849000
241000
0.0100
0.0050
0.0005
5000000
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">10.   GUARANTEES AND PRODUCT WARRANTIES</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">From time to time, our subsidiaries guarantee third party payment obligations in connection with the sale of machines to customers that use financing. We follow FASB guidance for accounting for guarantees (codified in ASC 460). As of July 31, 2015, we had <font>17</font> outstanding third party payment guarantees totaling approximately $<font>1.3</font> million. The terms of these guarantees are consistent with the underlying customer financing terms. Upon shipment of a machine, the customer has the risk of ownership. The customer does not obtain title, however, until it has paid for the machine. A retention of title clause allows us to recover the machine if the customer defaults on the financing. We accrue liabilities under these guarantees at fair value, which amounts are insignificant.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">We provide warranties on our products with respect to defects in material and workmanship. The terms of these warranties are generally <font>one</font> year for machines and certain components and shorter periods for service parts. We recognize a reserve with respect to this obligation at the time of product sale, with subsequent warranty claims recorded against the reserve. The amount of the warranty reserve is determined based on historical trend experience and any known warranty issues that could cause future warranty costs to differ from historical experience. A reconciliation of the changes in our warranty reserve is as follows (in thousands):</p>
<div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%">
<tr style="vertical-align: bottom;">
<td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6" nowrap="nowrap">Nine Months Ended</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>July 31,</b><br/><b>2015</b></p>
</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6" nowrap="nowrap">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><b>July 31,</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>2014</b></p>
</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" width="100%">Balance, beginning of period</td>
<td style="font-family: 'times new roman'; padding: 0px;"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2,048</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,778</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-align: justify; text-indent: 0px; font-family: 'times new roman'; padding: 0px;" width="100%">Provision for warranties during the period</td>
<td style="font-family: 'Times New Roman';"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2,804</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2,825</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" width="100%">Charges to the reserve</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(2,466</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(2,745</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" width="100%">Impact of foreign currency translation</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(83</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(9</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" width="100%">Balance, end of period</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2,303</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,849</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left;"> </p>
</div>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The year-over-year increase in our warranty reserve included $<font>241,000</font> of warranty obligations assumed as part of the acquisitions of Milltronics and Takumi. The remaining portion of the increase was due to the sale of a greater number of our higher-performance machines which have a higher cost per claim.</p>
</div>
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">14.  CONTINGENCIES AND LITIGATION</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in;">We are involved in various claims and lawsuits arising in the normal course of business.  Pursuant to applicable accounting rules, we accrue the minimum liability for each known claim when the estimated outcome is a range of possible loss and no one amount within that range is more likely than another.  We maintain insurance policies for such matters, and we record insurance recoveries when we determine such recovery to be probable.  We do not expect any of these claims, individually or in the aggregate, to have a material adverse effect on our consolidated financial position or results of operations.  We believe that the ultimate resolution of claims for any losses will not exceed our insurance policy coverages.</p></div>
1000000
100000000
3200000
40000000
6400000
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">15.  NEW ACCOUNTING PRONOUNCEMENTS</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">In July 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-11, Inventory (Topic 330): <i>Simplifying the Measurement of Inventory</i>, which requires companies to measure inventory at lower of cost and net realizable value, versus lower of cost or market. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. This update is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early application is permitted, and the guidance should be applied prospectively. We are assessing the impact this guidance will have on our consolidated financial statements and related disclosures.     </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): <i>Deferral of the Effective Date</i>. The amendments in this Update defer the effective date of ASU No. 2014-09 for all entities by one year. Public business entities, certain not-for-profit entities, and certain employee benefit plans should apply the guidance in ASU No. 2014-09 to annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period.</p></div>
1328000
1232000
2399000
3127000
1340000
705000
109500000
122200000
2400000
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">13.  FINANCIAL INSTRUMENTS</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><i>Estimated Fair Value Measurements of Financial Instruments</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">FASB fair value guidance established a three-tier fair value hierarchy, which categorizes the inputs used in measuring fair value.  These tiers include: Level 1, defined as observable inputs, such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exist, therefore requiring an entity to develop its own assumptions.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">In accordance with this guidance, the following table represents the fair value hierarchy for our financial assets and liabilities measured at fair value as of July 31, 2015 and October 31, 2014 (in thousands):</p><div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in;"><b> </b></p> <table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6" nowrap="nowrap">Assets</td> <td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="14" nowrap="nowrap">Liabilities</td> <td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>July 31,</b><br/><b>2015</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td style="font-weight: bold; text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">October 31, <br/> 2014</td> <td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>July 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>2015</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td> <td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td> <td style="font-weight: bold; text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">October 31, <br/> 2014</td> <td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';" colspan="2"></td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';" colspan="2"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';" colspan="2"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';" colspan="2"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-decoration: underline; font-family: 'times new roman'; padding: 0px;">Level 1</td> <td style="font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"></td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px;"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"></td> <td style="font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td> <td style="font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td> <td style="font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="100%">Deferred Compensation</td> <td style="font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,328</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,232</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>-</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>-</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-decoration: underline; font-family: 'times new roman'; padding: 0px;" width="100%">Level 2</td> <td style="font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="font-family: 'Times New Roman';" width="100%">Derivatives</td> <td style="font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2,399</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>3,127</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,340</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>705</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p></div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><i>Recurring Fair Value Measurements</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Included in Level 1 assets are mutual fund investments under a nonqualified deferred compensation plan. We estimate the fair value of these investments on a recurring basis using market prices which are readily available.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Included in Level 2 fair value measurements are derivative assets and liabilities related to gains and losses on foreign currency forward exchange contracts entered into with a third party. We estimate the fair value of these derivatives on a recurring basis using foreign currency exchange rates obtained from active markets. Derivative instruments are reported in the accompanying consolidated financial statements at fair value. We have derivative financial instruments in the form of foreign currency forward exchange contracts as described in Note 3 of Notes to the Condensed Consolidated Financial Statements in which the U.S. Dollar equivalent notional amounts of these contracts was $<font>109.5</font> million and $<font>122.2</font> million at July 31, 2015 and October 31, 2014, respectively. The fair value of Derivative assets recorded on our Condensed Consolidated Balance Sheets was $<font>2.4</font> million at July 31, 2015 and $<font>3.1</font> million at October 31, 2014. The fair value of Derivative liabilities recorded on our Condensed Consolidated Balance Sheets was $<font>1.3</font> million at July 31, 2015 and $<font>705,000</font> at October 31, 2014.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The fair value of our foreign currency forward exchange contracts and the related currency positions are subject to offsetting market risk resulting from foreign currency exchange rate volatility. The counterparty to the forward exchange contracts is a substantial and creditworthy financial institution. We do not consider either the risk of counterparty non-performance or the economic consequences of counterparty non-performance as material risks.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><i>Nonrecurring Fair Value Measurements</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Certain nonfinancial assets and liabilities are measured at fair value on a nonrecurring basis and are subject to fair value adjustments in certain circumstances, such as when there is evidence of impairment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in;"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">We review for goodwill impairment annually and whenever events or changes in circumstances indicate our carrying value may not be recoverable. The fair value of reporting units is determined using the income approach. The income approach focusses on the income-producing capability of an asset, measuring the current value of the asset by calculating the present value of its future economic benefits such as cash earnings; cost savings, corporate tax structure and product offerings. Value indications are developed by discounting expected cash flows to their present value at a rate of return that incorporates the risk-free rate for the use of funds, the expected rate of inflation and risks associated with the reporting unit. These assets would generally be classified within Level 3, in the event that we were required to measure and record such assets at fair value within the consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">We periodically evaluate the carrying value of long-lived assets to be held and used, including definite-lived and indefinite-lived intangible assets and property plant and equipment, when events or circumstances warrant such a review. Fair value is determined primarily using anticipated cash flows assumed by a market participant discounted at a rate commensurate with the risk involved and these assets would generally be classified within Level 3, in the event that we were required to measure and record such assets at fair value within the consolidated financial statements.</p></div>
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in;"><b> </b></p> <table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6" nowrap="nowrap">Assets</td> <td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="14" nowrap="nowrap">Liabilities</td> <td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>July 31,</b><br/><b>2015</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td style="font-weight: bold; text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">October 31, <br/> 2014</td> <td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>July 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>2015</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td> <td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td> <td style="font-weight: bold; text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">October 31, <br/> 2014</td> <td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';" colspan="2"></td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"></td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';" colspan="2"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';" colspan="2"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';" colspan="2"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-decoration: underline; font-family: 'times new roman'; padding: 0px;">Level 1</td> <td style="font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"></td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px;"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"></td> <td style="font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td> <td style="font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td> <td style="font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="100%">Deferred Compensation</td> <td style="font-family: 'times new roman'; padding: 0px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,328</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,232</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>-</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>-</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-decoration: underline; font-family: 'times new roman'; padding: 0px;" width="100%">Level 2</td> <td style="font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="font-family: 'Times New Roman';" width="100%">Derivatives</td> <td style="font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2,399</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>3,127</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,340</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>705</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td> </tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p></div>
0.32
0.29
1100000
1200000
33000
1600000
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left;">12.  INCOME TAXES</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Our effective tax rate for the first nine months of fiscal 2015 was <font>32</font>% in comparison to <font>29</font>% for the same period in fiscal 2014. The increase in the effective income tax rate was primarily due to changes in the geographic mix of income or loss between tax jurisdictions.  We recorded income tax expense during the first nine months of fiscal 2015 of $<font>5.5</font> million compared to $<font>4.2</font> million for the corresponding period in fiscal 2014, primarily as a result of an increase in pre-tax income period-over-period.  We have not provided any U.S. income taxes on the undistributed earnings of our wholly-owned foreign subsidiaries based upon our determination that such earnings will be indefinitely reinvested.  In the event these earnings are later distributed to our U.S. operations, such distributions would likely result in additional U.S. tax that may be offset, at least in part, by associated foreign tax credits.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Our unrecognized tax benefits were $<font>1.1</font> million as of July 31, 2015 and $<font>1.2</font> million as of October 31, 2014, and in each case included accrued interest.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">We recognize accrued interest and penalties related to unrecognized tax benefits as components of income tax expense.   As of July 31, 2015, the gross amount of interest accrued, reported in Accrued expenses and other, was approximately $<font>33,000</font>, which did not include the federal tax benefit of interest deductions.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">We file U.S. federal and state income tax returns, as well as tax returns in several foreign jurisdictions.  The statutes of limitations with respect to unrecognized tax benefits will expire between July 2017 and July 2018.</p></div>
HURCO COMPANIES INC
0000315374
10-Q
2015-07-31
--10-31
Accelerated Filer
2015
0
12500000
3000000
3000000
4000000
0.01
3300000
0.056
20500000
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left;">11.  DEBT AGREEMENTS</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">On December 7, 2012, we entered into an agreement (the “U.S. credit agreement”) with a financial institution that provided us with a $<font>12.5</font> million unsecured revolving credit and letter of credit facility. The U.S. credit agreement permitted the issuance of up to $<font>3.0</font> million in letters of credit. On May 9, 2014, the maximum amount for outstanding letters of credit under our U.S. credit agreement was increased from $3.0 million to $<font>5.0</font> million.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">On December 5, 2014, we amended our U.S. credit agreement to increase the cash dividend allowance from $<font>3.0</font> million per calendar year to $<font>4.0</font> million per calendar year and to extend the scheduled maturity date to December 7, 2016.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Borrowings under the U.S. credit agreement bear interest at a LIBOR-based rate or a floating rate of <font>1</font>% above the prevailing prime rate. The floating rate will not be less than the greatest of (a) a one month LIBOR-based rate plus <font>1.00</font>% per annum, (b) the federal funds effective rate plus <font>0.50</font>% per annum, and (c) the prevailing prime rate. The rate we must pay for that portion of the U.S. credit agreement which is not utilized is <font>0.05</font>% per annum.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The U.S. credit agreement contains customary financial covenants, including a covenant that permits us to make investments in subsidiaries of up to $<font>5.0</font> million and a minimum working capital of $<font>90.0</font> million and a minimum tangible net worth of $<font>120.0</font> million. The U.S. credit agreement permits us to pay cash dividends in an amount not to exceed $<font>4.0</font> million per calendar year, so long as we are not in default before and after giving effect to such dividends.  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">We have a £<font>1.0</font> million revolving credit facility in the United Kingdom and a €<font>1.5</font> million revolving credit facility in Germany. On May 12, 2014, we established a Taiwan credit facility in the amount of <font>100.0</font> million New Taiwan Dollars (approximately $<font>3.2</font> million) with an expiration date of May 12, 2015. We did not renew this Taiwan credit facility. We also have a <font>40.0</font> million Chinese Yuan (approximately $<font>6.4</font> million) credit facility in China that was renewed on February 17, 2015 with an expiration date of February 17, 2016.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">All of our credit facilities are unsecured.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">We had $<font>1.6</font> million and $<font>3.3</font> million of borrowings under our China credit facility, which bears interest at <font>5.6</font>% annually (variable rate), at July 31, 2015 and October 31, 2014, respectively. We had no other debt or borrowings under any of our other credit facilities at either of those dates. At July 31, 2015, we were in compliance with all covenants contained in the related credit agreements and, as of that date, we had unutilized credit facilities of $<font>20.5</font> million.</p></div>
2015-05-12
2016-12-07
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">
</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%">
<tr style="vertical-align: bottom;">
<td style="font-weight: bold; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" nowrap="nowrap">Derivatives</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" nowrap="nowrap">Location of Gain (Loss)<br/> Recognized in Operations</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6" nowrap="nowrap">Amount of Gain (Loss) Recognized in<br/> Operations</td>
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<td style="text-align: center; padding: 0px;" colspan="6" nowrap="nowrap">Nine Months Ended <br/>July 31,</td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
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<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">2015</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6" nowrap="nowrap">2014</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
</tr>
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<td style="text-decoration: underline; text-align: left; font-family: 'times new roman'; padding: 0px;">Not designated as hedging instruments:</td>
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<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="50%">Foreign exchange forward contracts</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Other (income) expense, net</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>3,082</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(2</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><br/></p>
</div>
2015-11-30
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">
</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%">
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">Location of</td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">Gain (Loss)</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">Amount of Gain</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">Amount of Gain</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">Reclassified</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">(Loss) Reclassified</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">(Loss) Recognized in</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">from Other</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">from Other</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">Other Comprehensive</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">Comprehensive</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">Comprehensive</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-weight: bold; text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" nowrap="nowrap">Derivatives</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6" nowrap="nowrap">Income</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" nowrap="nowrap">Income</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6" nowrap="nowrap">Income</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">Three Months Ended</td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="16" nowrap="nowrap">Three Months Ended</td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">July 31,</td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="16" nowrap="nowrap">July 31,</td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">2015</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">2014</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">2015</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">2014</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-decoration: underline; text-align: left; font-family: 'times new roman'; padding: 0px;">Designated as hedging instruments:</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">(Effective portion)</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; padding: 0px; font-family: 'Times New Roman';" width="100%">Foreign exchange forward contracts – Intercompany sales/purchases</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(159</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>619</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Cost of sales  and service</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>377</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(243</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; padding: 0px; font-family: 'Times New Roman';" width="100%">Foreign exchange forward contract – Net investment</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>60</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>92</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p></div>
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">
</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%">
<tr style="vertical-align: bottom;">
<td style="font-weight: bold; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;">Derivatives</td>
<td style="font-family: 'times new roman'; padding: 0px;"></td>
<td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><b>Location of Gain </b><br/><b>(Loss) Recognized </b> <br/><b>in Operations</b></p>
</td>
<td style="font-family: 'times new roman'; padding: 0px;"></td>
<td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><b>Amount of Gain (Loss)</b><br/><b>Recognized in Operations</b></p>
</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';"></td>
<td style="font-family: 'Times New Roman';"></td>
<td style="font-family: 'Times New Roman';"></td>
<td style="font-family: 'Times New Roman';"></td>
<td style="text-align: center; padding: 0px;" colspan="6">Three Months Ended <br/>July 31,</td>
<td style="font-family: 'Times New Roman';"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';"></td>
<td style="font-family: 'times new roman'; padding: 0px;"></td>
<td style="font-family: 'Times New Roman';"></td>
<td style="font-family: 'times new roman'; padding: 0px;"></td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2">2015</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6">2014</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-decoration: underline; text-align: left; font-family: 'times new roman'; padding: 0px;">Not Designated as Hedging Instruments:</td>
<td style="font-family: 'Times New Roman';"></td>
<td style="font-family: 'Times New Roman';"></td>
<td style="font-family: 'Times New Roman';"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"></td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;" width="50%">Foreign exchange forward contracts</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Other (income) expense, net</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>37</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>971</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in;"><i> </i></p></div>
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">
</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"> </p>
<table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%">
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">Amount of Gain (Loss)</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">Location of Gain</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">Amount of Gain (Loss)</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">Recognized in Other</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">(Loss) Reclassified from Other</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">Reclassified from Other</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-weight: bold; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" nowrap="nowrap">Derivatives</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6" nowrap="nowrap">Comprehensive Income</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" nowrap="nowrap">Comprehensive Income</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6" nowrap="nowrap">Comprehensive Income</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">Nine Months Ended</td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="16" nowrap="nowrap">Nine Months Ended</td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"></td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="6" nowrap="nowrap">July 31,</td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; padding: 0px;" colspan="16" nowrap="nowrap">July 31,</td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">2015</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">2014</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'Times New Roman';" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">2015</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">2014</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-decoration: underline; text-align: left; font-family: 'times new roman'; padding: 0px;">Designated as hedging instruments:</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; padding: 0px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; padding: 0px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">(Effective portion)</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; padding: 0px; font-family: 'Times New Roman';" width="100%">Foreign exchange forward contracts – Intercompany sales/purchases</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,693</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(592</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Cost of sales and service</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>5</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(724</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: left; padding: 0px; font-family: 'Times New Roman';" width="100%">Foreign exchange forward contract   – Net investment</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>308</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>39</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p></div>
55379000
35905000
196000
4000
0.19
-2194000
1521000
3338000
2315000
14150000
705000
62436000
993000
3436000
5483000
55974000
0.00
0
0
12500000
-1202000
89000
-2031000
881000
-1805000
1833000
1478000
6368000
20851000
126000
708000
97000
-20171000
64720000
23520
55974000
6551718
121482000
20.94
105940
1215000
1159000
0.25
16740
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in;">2.    OUT-OF-PERIOD ERROR CORRECTIONS</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">During the three months ended July 31, 2015, we recorded aggregate out-of-period corrections of $<font>0.4</font> million, net of tax, which increased net assets and net income for the three and nine months ended July 31, 2015 by that amount. These corrections were primarily associated with the overstatement of manufacturing overhead expenses, recorded as Cost of sales and service in prior year periods, due to errors in recording employee costs at one of our foreign subsidiaries.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">In accordance with Accounting Standards Codification (“ASC”) 250, <i>Accounting Changes and Error Corrections,</i> as well as the Securities and Exchange Commission's Staff Accounting Bulletin No. 99, <i>Materiality</i>, we evaluated the materiality of these errors on prior period financial statements and determined that they did not result in a material misstatement to the financial condition, results of operations, or cash flows for any of the periods presented. In evaluating whether these errors, individually and in the aggregate, and the corrections of the errors had a material impact on the periods such errors and corrections related to, we evaluated both the quantitative and qualitative impact to our condensed consolidated financial statements for such periods. We considered a number of qualitative factors, including, among others, that the errors and the corrections of the errors did not change a net loss into net income or vice versa, did not have an impact on our long-term debt covenant compliance, and did not mask a change in earnings or other trends when considering the overall competitive and economic environment within our industry during prior periods.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">We concluded that these errors were not material, individually or in the aggregate, to any of the prior reporting periods, and therefore, amendments of previously-filed reports were not required. The cumulative amount was recorded as an out-of-period adjustment during the third quarter of fiscal 2015, as it was determined that the cumulative amount would not be material for the fiscal year ending October 31, 2015.</p></div>
-724000
-5694000
8500000
22400000
-10000
20.45
27058000
60053000
1300000
P1Y
2825000
2303000
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><br/></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"> </p>
<table style="border-collapse: collapse; font: 10pt times new roman, times, serif;" cellpadding="0" cellspacing="0" width="100%">
<tr style="vertical-align: bottom;">
<td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-weight: bold; text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6" nowrap="nowrap">Nine Months Ended</td>
<td style="font-weight: bold; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td>
<td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap">
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>July 31,</b><br/><b>2015</b></p>
</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
<td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6" nowrap="nowrap">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><b>July 31,</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>2014</b></p>
</td>
<td style="font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" width="100%">Balance, beginning of period</td>
<td style="font-family: 'times new roman'; padding: 0px;"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2,048</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,778</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-align: justify; text-indent: 0px; font-family: 'times new roman'; padding: 0px;" width="100%">Provision for warranties during the period</td>
<td style="font-family: 'Times New Roman';"></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2,804</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2,825</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" width="100%">Charges to the reserve</td>
<td style="font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(2,466</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"> </td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(2,745</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: white;">
<td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" width="100%">Impact of foreign currency translation</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(83</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(9</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 1pt solid !important; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td>
</tr>
<tr style="vertical-align: bottom; background-color: #cceeff;">
<td style="text-align: justify; font-family: 'times new roman'; padding: 0px;" width="100%">Balance, end of period</td>
<td style="font-family: 'times new roman'; padding: 0px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>2,303</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
<td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td>
<td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>1,849</font></td>
<td style="text-align: left; font-family: 'times new roman'; padding: 0px; border-bottom: #000000 2.80pt double !important; white-space: nowrap; padding-right: 5px; padding-left: 5px;"> </td>
</tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left;"> </p>
</div>
false
6551718
Q3
1099000
5000000
1500000
2016-02-17